MonikaK1
Expert Alumni

Get your taxes done using TurboTax

If you completed Form 1040X following the steps provided in TurboTax, it should account for payments made.

 

Form 1040-X contains three columns:

  • Column A. This column shows the numbers previously reported on your tax return. Use the copy of your tax return you gathered in Step 1 to complete this column.
  • Column B. This column shows how the amounts from your original return need to increase or decrease. For example, if you're amending your gross income to include $50 of interest income missing from your previously filed tax return, you would enter $50 on line 1, column B.
  • Column C. This column shows the correct amount. Just add the amounts from column A and column B and enter the result here.

In Part III of Form 1040-X, you'll need to provide a clear explanation for your reasons for filing an amended return.

 

See this tax tips article for more information.

 

The lower part of the form, starting with Line 16, reconciles the changes made and any additional payments made. If you owe an additional amount based on the changes, it will appear on Line 20 of Form 1040X. If you have overpaid your tax, based on the changes, the overpayment will appear on Line 21 of Form 1040X.

 

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